Report: 6.4% of Dallas homeowners behind on payments

The number of Dallas-area homeowners who are late with mortgage payments or in foreclosure increased again in March.

More than 6.4 percent of the area’s homeowners with loans were behind in their payments at the end of March, according to the latest data from CoreLogic Inc.

The Dallas-area late mortgage rate is higher than Texas’ 5.98 percent home loan delinquency.

But Dallas and Texas both are lower the nationwide mortgage delinquency of 8.9 percent in March, California-based CoreLogic said Wednesday.

The percentage of late home loans in the Dallas area has risen by more than two percentage points in the last year.

And 1.53 percent of Dallas-area homeowners were in foreclosure at the end of March. That’s up from just over 1 percent a year earlier.

Nationwide home foreclosure rates were at a record 3.23 percent in March. In Texas, the foreclosure rate was 1.44 percent.

Source "Dallas Morning News" Steve Brown 5/5/2010